Inflation Reduction Act Loan Funds Will Aid Energy Innovation

On July 27, Sen. Joe Manchin, D.-W.Va., and Sen. Chuck Schumer, D.- N.Y., announced new draft reconciliation legislation known as the Inflation Reduction Act. The act provides $433 billion in total investments, with $369 billion for energy security and climate change, as well as $64 billion for an Affordable Care Act extension.